"Of the 23 programs awarded, the Company is shipping production units to two existing customers for four devices. Additionally, during the quarter, shipments included first production validation units for four customers for eight designs."

They make $1 M per quarter off of these 4 legacy products.

They now have an additional 19 new product wins and just raised their value to $17-$19M over the next 12-18 months. Additionally they stated there will be more new wins in the months ahead. One more revelation we received this week was that the latest wins are in the consumer column, which are larger market orders. Or course, a lot depends on reorders, etc, but the trend remains clear that the XTOUCH metal mesh solution is the wave for the future.

The ITO market is certainly going to lose market share to the more flexible, sensitive and less expensive solutions. UNXL, and its XTOUCH product, is sitting in the right place at the right time.

We have ridden through several years of product and company development for a great concept and it appears, as we are now in Q3, that the time is upon us. They have achieved the product, its production/manufacturing/shipping, and are expanding the customer and device lists. It is actually happening in real time.

Depending, of course, what happens in the next two quarter, this stock will appear cheap at current levels. We could see some drifting, or not, but the longer term picture still looks bullish. Could we be well over $5/share in 6-12 months? Very likely if they keep winning new designs and ramp into 2017, as they stated.